Bitmine Stakes 140K More ETH as Total Locked Climbs Past 2.9 Million

Key insights:

  • Bitmine reportedly staked 140,464 ETH in 15 hours, raising the total locked to 2.97 million.
  • ETH traded near $1,943.54, with $22.9B volume, and a 3.39% drop in 24 hours.
  • Tom Lee said gold lagged inflation 48% in 50 years, while Bitcoin lagged 5 months.
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Bitmine Stakes 140K More ETH as Total Locked Climbs Past 2.9 Million

Bitmine has added more Ethereum to its staking pool during a volatile trading week. The move came as ETH traded near $1,943 and fell over the last day.

New ETH Stake Adds to Bitmine Holdings

Bitmine staked another 140,464 ETH within about 15 hours. The posts valued the added stake near $282 million. Bitmine now has about 2.97 million ETH staked. This put the staked value near $6.01 billion and also 68.7% of holdings are locked.

The posts framed the activity as long-term positioning during a price drop. Crypto Patel highlighted that, ”While retail panic sells, billionaires are LOCKING their ETH away.” The claims have not been confirmed in the posts with on-chain links or filings.

Ethereum traded at $1,943.54 at the time of the shared price update. The update said ETH was down 3.39% in 24 hours. It also listed $22.906 in 24-hour trading volume.

Bitcoin Beat Inflation More Often Than Gold Since 2009

Fundstrat co-founder Tom Lee said gold “has failed as a store of value” and pointed to chart data comparing returns to inflation. Lee said gold underperformed inflation 48% of the time over the last 50 years, using CPI-adjusted historical price charts.

Tom Lee Tracker, repeated the figures and also cited gold’s performance since Bitcoin’s launch. Lee said that, since 2009, Bitcoin underperformed inflation in 5 of 160 months, while gold underperformed inflation 44% of the time in the same period. He linked Bitcoin’s record to scarcity and used the comparison to argue Bitcoin has held value more consistently than gold in inflation terms.

Conflicting posts debate exposure and drawdowns

A separate post claimed Tom Lee invested $18 billion in Ethereum over eight months. It also claimed the portfolio is down over $9 billion. UziCryptoo noted that ETH would need to reach $7,000 for breakeven. It also used a harsh phrase about the decision.

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Tom LeeBitmine ETH Strategy | Source: X

Those figures were not supported with documents in the post. They may mix personal investing claims with firm activity. The news remains focused on one reported action: Bitmine stakes 140K more ETH as total locked climbs past 2.9 million. Verification may depend on on-chain records or company updates.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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